Mike Gascoyne has become the chief technical officer of the entire Caterham Group. As a result of Gascoyne’s promotion, technical director Mark Smith will assume day-to-day control of the Formula One team’s technical division.

Â“This is a very proud moment for me,Â” said Gascoyne. Â“My new role will now give me the chance to help drive value across the whole group through the creation and delivery of new projects in all the sectors we are already working in, and opening up new opportunities for each of the Group’s companies to embrace.